Tennessee Code 69-5-908 – Bond of county trustee
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Terms Used In Tennessee Code 69-5-908
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- Trustee: A person or institution holding and administering property in trust.
Whenever bonds of such districts are issued and sold under this chapter, or long-time warrants, as provided for by § 69-5-909, are issued and sold, then the county trustee, before receiving such money, shall give bond, to be approved as the trustee’s other bonds are approved in double the amount of the money to go into the trustee’s hands from the sale of such bonds, or warrants, payable to the state, and conditioned that the trustee faithfully account for all such money; and if the trustee fails to execute such bond, it shall be a misdemeanor in office, for which the trustee may be removed from office; and such bond shall be recorded in the drainage record book, and the original filed with and preserved by the county clerk.